/biz/ - Business & Finance

Show me another decentralised platform to use defi on and I’ll switch right now

>>29029949
If you are too retarded to buy and sell crypto on your own, I can predict the next market move for you: ethereum is going to pump massively.
I would buy or hold ethereum. Change my mind
This isn't financial advice, i'm just sharing my perspective, proceed at your own risks.

>>29030066
>If you are too retarded to buy and sell crypto on your own, I can predict the next market move for you: ethereum is going to dump massively.
>Fees are so high it's literrally begging people to dump it and use other blockchains. I don't even understand how this shitcoin is still rising. Imagine paying 500 x times the price for a single transaction that others blockchain can do. What business would survive this? Would you buy a plane ticket for 500 times its price? Yep.
>I wouldn't buy or hold ethereum. Change my mind
>This isn't financial advice, i'm just sharing my perspective, proceed at your own risks.

This will happen soon enough unless they quickly fix the gas issue. That is all i am saying. Perfect time for a competitor to take over

>>29030141
yes failed products will indefinitively rise. People won't mind the 200$ gas fees. totally realistic.

>>29029949
Based poorfag staying poor

>>29029949
the price of eth decoupling form it's use as pajeetcoin flipping is unironically incredibly bullish for ETH. It is maturing as an asset and while shitcoin peddling moves to BSC, ETH will remain primarily for whale protocols and enterprise use. 5k incoming

>>29030230
brainlet herd follower. couldn't spot a crash coming, unable to move over his bias.

Enjoy being rekt inferior iq eth hodler

>>29029949
You fucking, fucking idiot. It legitimately makes me mad how stupid are.
Why do you think gas fees are so high? Do you understand what determines gas prices?
It's high because THE NETWORK IS IN HIGH DEMAND. In other words, LOTS OF PEOPLE ARE USING IT.
So maybe you're too poor to use ETH, but most of the market feels otherwise.

>>29030316
meh. At least you have some look a like arguments unlike herd followers. Eth is about to be dethroned by something else similar and better, with low fees. Unless they VERY QUICKLY fix the fee issue

>>29030316
This, only going up

>>29030463
have fun losing thousands of dollars in fees. Usually people prefer to pay less for the same service, but maybe they are just poor fucker who knows

>>29029949
If you look closely the pic shows it's going to dump backwards in time. Buying I am. Thanks OP

Unironically agree with OP. Sold 1/3rd of my ETH stack to invest in BSC projects.

>>29030066
ALGO has all the features to make it a superior choice. But if you are a developer its riskier to develop there and lose out on user participation. Only a market crash would force developers to try out cheaper tokens.

>>29030208
The true ETH killer will have to be itself if its token price drops but gas fees remain high due to network utilization causing fleeing into cheaper alternatives.

>>29030066
Let me decentrylize you in the ass useless lolbertard

>>29030573
yes cheap paint trick. At least you noticed.
>>29030729
>>29030649
That's the spirit

>>29030735
Inferior iq not allowed, please buy top of failing products with the rest of the herd. It will keep going up indefinitively as you believe it will, don't worry

>>29029949
The richfags who made money off ETH can't see the writing on the wall.

When it starts bleeding, they'll run for the next ponzi.

>>29030573
yes cheap paint trick. At least you noticed.
>>29030729
>>29030649
That's the spirit

>>29029949
high gas fees means people are still using the network despite the prices being high. it means network activity is still high regardless and is the most bullish indicator of all

>>29029949
>This isn't financial advice
Oh yes hello fellow 4channeler I also make legal disclaimers in my posts.

>>29031036
>When it starts bleeding, they'll run for the next ponzi.
any day now...

>>29030568
>don't hold ETH
>because you lose money on gas
No I don't, I hold it you dumb fuck

>>29029949
t. paper hands panic seller who can't even afford 1 eth anymore

>>29031043
Much of ETH transactions are automatized.

So if a market crash happens, a lot of the ETH ecosystem will be running on gas fees higher than the price of ETH.

I know LINK node have a cutoff for such a problem but many projects will eat up their profits really quickly. Not to mention hackers would take advantage of this chaos.

All that is needed is an event which would send the ETH ecosystem into this. Either a collapse of BTC (selloff by big Chinese Miners all at once) or ETH to PoS causes an attack on the network to be carried out (such as valid staking is seen as disruption and staked ETH is subtracted)

XLM will go supernova.
Atm it's playing Metallica's Hit The Lights.
https://www.youtube.com/watch?v=863fYC-Mb_Q

>>29031135
People (and arbitrage bots, exchanges) are paying 13k ETH in fees per day (increasing as the defi "economy" grows). On top of that 13k ETH are mined every single day, which makes miners farm around 50M$ per day at current prices.
In comparison, BTC miners make around 1100 BTC per day (block reward+fees) which is around 60M$.
This is bearish for ethbtc, because ETH needs about as much new money flowing in as BTC to sustain these prices, which is simply not realistic.

>>29029949
>Fees are so high it's literrally begging people to dump it and use other blockchains
Literally the opposite. people won’t dump it BECAUSE the fees are too high. It’s too costly at this point to swap for something else. ETH holders basically have Stockholm syndrome at this point

>>29029949
Kek screen capped
se you at 10k

>>29030463
So your shitcoin has a fucking bottleneck?

>>29032103
most money flows into BTC first, then people take their money into ETH. ETHBTC rises when BTC stagnates because people get bored with BTC

>>29032511
how new are you?

>>29029949
dumbass

>>29030352
>im poor so the cheaper thingy is better!! xD

>>29029949
BASED AND EGGPILLED.

>>29030149
anon was gently trying to point out to you there is not a single legitimate competitor amidst all currently existing projects

>>29033069
0 argument.
Top buyer, failed project, checked
>>29032254
Thanks, next time i'll be able to charge low iq for financial advices. Your participation to my future recognition is much appreciated

>>29033168
are you sure about this? i think there are many ethereum like on the market. Polkadot, neo, tron, avax...

>>29029949
>>29030208
>>29030149
OP is the guy who swapped $1 of GRT and paid $64 in gas: link if you dont believe me https://etherscan.io/tx/0xb73b70e8fb21ff5b3c7b18f93ea50a16e0219e5cd5854c007560fc6bb668d899

>>29033273
LOL looking at it again he lost 50% swapping to OLY. This man needs to 128x to break even jesus christ

>>29029949
what a fucking moron, yeah transacting reef and ETH is definitely comparable, only the fees matter LOL

>>29033203
remember me faggot
I will post your thread when eth reaches 10k in 1-2 moths

>>29033273
the fact that so many sheeps make fun of me reinforce my belief.

The litteral only argument i have seen so far is: YOU ARE POOR
(because rich people like to pay more it's litteraly the path to wealth everyone knows it)
Nothing is like ethereum (false)

>>29033366
10 000$ ethereum means what.... 300$ fees?

Based rich coin

>>29033423
if im being real, i dont like fees either so I bake them into my calculation when making investments. I definitely do not make small txs and I dont recommend anybody make small txs on ethereum. If GAS is over 9% of your tx cost you are either making a BIG DICK play or you are pissing away money.

>>29029949
>assuming that people buy etherum basing on the level of gas fees or any other investigating

are you 5 or what?

>>29029949
First mover advantage is even bigger in crypto than in other markets. For example look at BTC. LTC is basically BTC in better, but nobody cares.

>>29029949
The idea is that scalability is coming soon enough that no decentralized competitor takes adoption away from ethereum.
Bsc is a blessing in disguise, because nothing of note is ever going to rely on binance chain (can you imagine global finance using bsc to settle stocks, bonds, etc? lmao). Ponzi scams would be a perfect way to get that first seed of adoption for any chain, as it indeed started for ethereum, but other ethereum competitors got rugged by bsc.

Another point is technical. Non-sharded blockchains maybe scale to 200TPS of contract calls. Ignore marketing that says otherwise, they're cherrypicking. That's a lot and about 10x more than ethereum, but not close enough for any global adoption. You will see BSC starting to have congestion issues somewhere between 10M-20M transactions per day - hard to say exactly - as their nodes become unable to cope no matter what they do. Fees will start to rise and users used to paying cents are going to become angry.
The only real solution for that is to use rollups with sharding - and 100% of development happens on and for ethereum. First rollup solutions are already on (loopring, deversifi). In March (hopefully) optimistic rollups arrive for generic contracts. Multiple defi protocols already are testing solutions internally. Still even if mainnets launch in March, it's going to take at least a month for activity to pick up.
Binance is not going to support withdrawals to rollups directly, so users would have to pay like a ~$40 one-time fee to deposit onto rollups, which is big friction. However, as more defi activity switches to rollup l1 fees are going to drop.
EOY it's going to be obvious that ethereum won as most activity is happening on rollups, with nobody looking seriously at ethereum killers ever again.

For the short term, if the general bull run continues, that probably means bnb continues to pump as ponzis on bsc proliferate while ethereum remains congested. If market dumps activity dies and bnb run

>>29034140
based

>>29029949
Yes, went all in Oasis / Rose. Much better in every terms. Fuck ETH

>>29029949
It was by design just like Bitcoin. It's called bait. ETH and BTC made to be seen as grassroots ideas. Somehow the development stagnates and it's rendered unusable and riddled with high fees.

Cue in (((our))) other blockchains. Regulatory approved to boot and ready to be mass deployed just in time for the Great Reset.

tldr; it's all fake, gay and manufactured

>>29034140
>and bnb run
is over - forever. In the next two-three years binance is going to die, as far fetched as it sounds, killed by dexes on ethereum, so unlike ETH if you are going to hold BNB through the bear you're going to lose everything. Perp exchange on zk-rollups (dydx) is launching soon (official timeline is March). Basically bitmex without KYC. They have dumb ip detection against americans but that's trivial to defeat via vpn. Because it's a zkrollup, they can't steal or lock your funds - so there's zero risk of hiding your ip.
CZ knows about this, which is why he pivoted away to BSC. Notice that it's cannibalistic - it steals away Binance's use case (trading). Yet he did it. Why? Because he knows Binance as a CEX is a dying business model.

As for eth price in 2021 it's hard to say. It's indeed very possible it's the top, or very close to top, while btc and the wide market continues to pump. So many people are mining eth now and dumping everything, that's a big drag on the market. Theoretically, it's even possible for BNB, partially pumped by CZ's own money, to flip eth in market cap for some time. That would result in widespread euphoria and claims that ethereum is dead, however, again, something so centralized like BSC can never truly steal adoption from ethereum. BSC is way, way worse than Libra (it was a legal foundation with facebook as only one member, BSC is de facto controlled personally by CZ) and that one got enormous resistance.

Whatever anybody thinks of ethereum, other ethereum killers are over. BSC stole all potential users (people too poor to afford high ethereum fees). If you hold ADA, AVAX, whatever, know you must absolutely exit during this cycle. There's never going to be an ethereum killer pump in any future cycle again.

>>29034140
>>29034898
based and ethpilled

>>29029949
ANOTHER eth fud thread. This is the 6th one. You people are seething that eth is moving up lmao.

>>29030463
You're fucking retarded

>>29034898
>Whatever anybody thinks of ethereum, other ethereum killers are over. BSC stole all potential users (people too poor to afford high ethereum fees). If you hold ADA, AVAX, whatever, know you must absolutely exit during this cycle. There's never going to be an ethereum killer pump in any future cycle again.

epic delusion. Did you take any substance before writing this shit?

>>29029949
>make x100 gains
>cry about a $10 fee
stay broke anon. you gotta spend money to make money.

>>29034898
where i can read more about all that information?

>>29037686
https://vitalik.ca/general/2021/01/05/rollup.html

>>29037749
is there a chance that ETH go to POS in this year?

>>29030463
BSC has more transactions per day than ETH, stupid nigger

>>29037985
Only of miners execute a censorship attack trying to prevent eip 1559.

>>29038042
miners can go to 0xbtc (if the price increasel ol)

>>29034406
I'm going to put my life savings in this.
wish me luck

All that poorfag COPE is hilarious

>>29038015
>trusting chink numbers
oh sweet summer child

>>29029949
>thinking 67$ fees matter when the network secures over a billion in assets/securities

Literally ETH is not made for you or me to shitcoin trade. If you wana use the global decentralized computers hash power you pay the price to play.

>>29034140
There is no way rollups will get on mainnet in March. It'll still be a long time before they get into use.

>>29033269
no, all the ones you listed make tradeoffs in one or several aspects
avax is probably the least worst would-be ethereum killer out of everything, but still not up to par
neo is vaporware, tron is copypaste cartelized and centralized dpos, dot is VC-owned and hardly permissionless
crypto is complex enough most investors don't understand it, all the way up to institutional capital. so it is possible for the market to dump eth under the MISGUIDED impression there is a legitimate competitor
but you should never confuse sentiment for reality. if you want to bet on a bearish market move for ethereum, look at sentiment. any fundamental case against ethereum because of fees fundamentally misunderstands the technology... and even if one comes to the right conclusion through the wrong reasoning because enough other people also have flawed reasoning, this doesn't bode well for future predictions

The meme were right this is exactly like 2017 every ethkiller bagholder is shilling his shitcoin

Scroll through another thread complaining about ETH fees, not a single mention of SYS.

Now you are understanding how much you lost trading all of your shitcoins.

3 months ago it was OK to swap for 5$ but it as mostly the same amount of ETH.

Weak hands are now out of the game.

>>29030316
>low tps
>fees at all
>enterprise use
you do realize you're a fucking retard right? enterprise will be on cardano. cap it.